Malaysian News Highlights - 7th Dec 2015

• Bursa Malaysia opened lower today due to lack of buying support.The FBMKLCI index fell 5.73 points to 1,666.27 after opening 2.33 points weaker at 1,669.67.There were 222 gainers and 171 losers with 210 counters unchanged, 1,159.
   
• The ringgit opened lower against US dollar.
   
• DowJones dropped 177 pts last nite. Bursa Malaysia might start with a negative undertones but may improves over the the trading day.
   
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• SapuraKencana Petroleum group has netted engineering and construction contracts, including contract extensions, with a combined value of US$72mil (RM305mil).
   
• CAB Cakaran said it is in the midst of discussions with Indonesia’s Salim Group in relation to the investment by Salim Group in the company. It also plans to set up a fully integrated poultry business in Indonesia and has signed a memorandum of understanding (MoU) with the Salim Group.
   
• Eastern & Oriental Bhd’s subsidiary has secured up to RM1.084bil in syndicated banking facilities for the 760-acre Seri Tanjung Pinang Phase 2 reclamation project in Penang.